1
00:00:02,520 --> 00:00:08,640
Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,680 --> 00:00:18,840
Speaker 1: Let's take a look at some stocks on the move today.

5
00:00:19,079 --> 00:00:22,840
Speaker 3: Alexis Christophers, I'm going to start with Playboy having a

6
00:00:22,880 --> 00:00:29,200
Speaker 3: really nice morning, up thirty percent. We've got Playboy beating

7
00:00:29,240 --> 00:00:31,920
Speaker 3: on the top and bottom lines. Swung to a profit

8
00:00:32,520 --> 00:00:35,760
Speaker 3: last quarter, and it broke it down for a few reasons.

9
00:00:35,800 --> 00:00:39,040
Speaker 3: Why it bought this Australian luxury lingerie brand. It's called

10
00:00:39,080 --> 00:00:45,160
Speaker 3: Honey Burdette. I was unfamiliar, but apparently it's doing well

11
00:00:45,200 --> 00:00:48,480
Speaker 3: sales growth of nine percent in the fourth quarter. Also,

12
00:00:48,520 --> 00:00:51,880
Speaker 3: the brand's loyalty program has now reached eighty thousand members.

13
00:00:51,920 --> 00:00:55,320
Speaker 3: Since launching in the fall, it delivered revenue growth, also

14
00:00:55,520 --> 00:00:58,320
Speaker 3: streamlining its balance sheet. Wall Street likes to hear that

15
00:00:58,360 --> 00:01:01,560
Speaker 3: it's slashing its debt thanks to a partnership with Utch

16
00:01:02,160 --> 00:01:05,680
Speaker 3: TG Brands. It's going to use that partnership to pay

17
00:01:05,760 --> 00:01:10,080
Speaker 3: down about fifty two million dollars in debt, and it's

18
00:01:10,120 --> 00:01:13,720
Speaker 3: also going to license some of its Playboy items to

19
00:01:13,800 --> 00:01:15,800
Speaker 3: this Chinese licensing business.

20
00:01:15,480 --> 00:01:16,840
Speaker 1: PLB hy yep.

21
00:01:17,319 --> 00:01:19,800
Speaker 4: P lb Y is the ticker something.

22
00:01:19,640 --> 00:01:23,959
Speaker 1: That's gone from fifty to two. I guess it's up right.

23
00:01:24,480 --> 00:01:27,319
Speaker 3: It's up thirteen percent today, down about six percent year

24
00:01:27,360 --> 00:01:27,720
Speaker 3: to date.

25
00:01:27,920 --> 00:01:29,520
Speaker 5: I used to bank this company back in the day.

26
00:01:29,840 --> 00:01:33,920
Speaker 5: Shooting Christy Heffner was she was a yeah, she's They

27
00:01:34,000 --> 00:01:36,600
Speaker 5: tried to reinvent this company. I'm gonna say thirty or

28
00:01:36,600 --> 00:01:38,839
Speaker 5: forty in the last thirty forty years.

29
00:01:38,840 --> 00:01:42,160
Speaker 4: It's unbelievable. There's that brand value, right, and they.

30
00:01:42,080 --> 00:01:44,960
Speaker 5: Just kind of figure out a way they can't monetize it.

31
00:01:44,600 --> 00:01:48,200
Speaker 4: It's not a lot of trying. They're trying and looking

32
00:01:48,200 --> 00:01:49,080
Speaker 4: at revenue growth.

33
00:01:50,760 --> 00:01:53,040
Speaker 1: Why, Paul, seriously, why are they public?

34
00:01:53,400 --> 00:01:55,240
Speaker 4: That's a great question. It is a great for a

35
00:01:55,240 --> 00:01:55,680
Speaker 4: long time.

36
00:01:55,760 --> 00:01:58,920
Speaker 5: So yeah, we had a senior loan out to Deminos

37
00:01:58,960 --> 00:02:00,919
Speaker 5: every quarter was sweating it together.

38
00:02:00,960 --> 00:02:03,640
Speaker 4: Engineer. Yeah, yeah, maybe they're listening. Maybe they'll find.

39
00:02:03,480 --> 00:02:05,920
Speaker 1: It on the an R on the cell size screen.

40
00:02:05,960 --> 00:02:08,800
Speaker 1: Thank you. James Heeni at Jeffries and George Kelly at

41
00:02:08,919 --> 00:02:13,640
Speaker 1: Roth Capital Markets. Three people follow them total. It's just brutal.

42
00:02:14,040 --> 00:02:17,880
Speaker 4: Next Lulu Lemon, something more well dressed than.

43
00:02:17,800 --> 00:02:20,680
Speaker 3: Part Actually I don't because I'm talking about Lulu Lemon,

44
00:02:21,160 --> 00:02:23,520
Speaker 3: famous for their sea through pants, which they didn't mean

45
00:02:23,560 --> 00:02:26,839
Speaker 3: to be see through. Yeah, exactly. We like to theme

46
00:02:26,919 --> 00:02:29,200
Speaker 3: art our stock movers whenever possible. So the stock's not

47
00:02:29,240 --> 00:02:31,840
Speaker 3: doing much, up about six tens of a percent here

48
00:02:31,680 --> 00:02:34,320
Speaker 3: pre market, but out with earnings after the bell, you're

49
00:02:34,360 --> 00:02:37,760
Speaker 3: to date Lulu Lemon is down twenty three percent. Really,

50
00:02:37,800 --> 00:02:39,800
Speaker 3: the results are going to take a backseat to the

51
00:02:39,840 --> 00:02:43,040
Speaker 3: main issue, which is leadership. They want an update on

52
00:02:43,320 --> 00:02:47,080
Speaker 3: their search for a new CEO. Elliott Investment Management has

53
00:02:47,120 --> 00:02:49,760
Speaker 3: also built up a stake, so they've got activist investor

54
00:02:50,040 --> 00:02:54,040
Speaker 3: Pressure founder Chip Wilson also fighting to replace the board.

55
00:02:54,600 --> 00:02:56,880
Speaker 3: So the new CEO is gonna definitely have his his

56
00:02:57,000 --> 00:02:59,320
Speaker 3: or her hands full here. They need to correct problems

57
00:02:59,400 --> 00:03:03,400
Speaker 3: ranging from merchandise like those see through pants that fiasco,

58
00:03:04,080 --> 00:03:07,760
Speaker 3: to pricing strategy in China. So we need to hear

59
00:03:07,760 --> 00:03:10,200
Speaker 3: from Lululemon in terms of succession, and that's what we're

60
00:03:10,200 --> 00:03:11,680
Speaker 3: going to be listening for after the bell.

61
00:03:11,800 --> 00:03:15,040
Speaker 5: Lope to see. You know, investors that I respect zero

62
00:03:15,040 --> 00:03:17,320
Speaker 5: point seventy two just bought a million shares last quarter,

63
00:03:17,680 --> 00:03:19,359
Speaker 5: so they see something's going on.

64
00:03:19,480 --> 00:03:20,560
Speaker 4: There's there's hope out there.

65
00:03:21,240 --> 00:03:24,880
Speaker 3: Next all right, Uber up three percent, and you know,

66
00:03:25,040 --> 00:03:27,040
Speaker 3: I look, it hasn't done much of anything in the

67
00:03:27,080 --> 00:03:29,240
Speaker 3: past year, only up about two and a half percent.

68
00:03:29,840 --> 00:03:32,120
Speaker 3: But the company's going to deepen its ties with Nvidia.

69
00:03:32,200 --> 00:03:35,160
Speaker 3: It's going to launch a global fleet of autonomous cars

70
00:03:35,160 --> 00:03:37,680
Speaker 3: that run entirely on in Vidia software. It's going to

71
00:03:37,720 --> 00:03:40,360
Speaker 3: happen in the first half of next year. Initially they're

72
00:03:40,360 --> 00:03:42,800
Speaker 3: going to launch her in La and San Francisco. They

73
00:03:42,880 --> 00:03:45,760
Speaker 3: want to reach twenty eight cities by twenty twenty eight.

74
00:03:45,800 --> 00:03:48,720
Speaker 3: And you know what, it's a competitor. Lift reached a

75
00:03:48,760 --> 00:03:50,680
Speaker 3: similar deal with in Video. So really, I think the

76
00:03:50,720 --> 00:03:54,920
Speaker 3: story here is Nvidia continues to you know, charge these robotaxis.

77
00:03:55,040 --> 00:03:57,200
Speaker 5: I did take my first robotaxi in Santa Clara.

78
00:03:57,360 --> 00:03:58,240
Speaker 4: How didn't you do what?

79
00:03:59,400 --> 00:04:02,640
Speaker 5: It was awesome? No driver, and my my son made

80
00:04:02,640 --> 00:04:05,120
Speaker 5: me do it, and my son made me do it.

81
00:04:05,320 --> 00:04:06,400
Speaker 5: We did, but it was.

82
00:04:06,320 --> 00:04:09,160
Speaker 1: Like smooth roads. It wasn't like fifty ninth Street. No.

83
00:04:09,360 --> 00:04:11,280
Speaker 5: No, it's out in beautiful Santa Clair. And we went

84
00:04:11,320 --> 00:04:13,880
Speaker 5: to uh, you know, Oka, to the in and.

85
00:04:13,760 --> 00:04:14,560
Speaker 4: Out Burger in back.

86
00:04:15,280 --> 00:04:19,320
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with

87
00:04:19,400 --> 00:04:21,960
Speaker 2: us throughout the day for the latest roundup of companies

88
00:04:22,040 --> 00:04:25,120
Speaker 2: making news on Wall Street, and for the latest market

89
00:04:25,160 --> 00:04:26,040
Speaker 2: moving headlines.

90
00:04:26,240 --> 00:04:28,159
Speaker 4: Listen to Bloomberg Radio Live.

91
00:04:28,560 --> 00:04:32,120
Speaker 2: Catch us on YouTube, Bloomberg dot com, and on Applecarplay

92
00:04:32,160 --> 00:04:34,760
Speaker 2: and Android Auto with the Bloomberg Business App.